Regulatory Alerts2024-03-11
Added · Updated
Commission Delegated Regulation (EU) 2024/1704 amending Delegated Regulation (EU) 2019/360 on ESMA fees to trade repositories
The European Commission amends Delegated Regulation (EU) 2019/360 to harmonize and simplify the fees charged by the European Securities and Markets Authority (ESMA) to trade repositories. The revision establishes that applicable turnover is calculated using audited accounts from two years prior, requires submission of these accounts by 30 September, and mandates that annual supervisory fees be paid in a single instalment by the end of March. Additionally, it sets a minimum annual fee of EUR 30,000, exempts repositories registered in December from first-year fees, and aligns late payment penalties with default interest rules under Regulation (EU, Euratom) 2018/1046. These changes apply from 1 January 2025.
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